Social Entrepreneurs
EPISODE #126
LESSON LEVEL
NATIONAL STANDARDS CORRELATIONS
Grades 4-6
Aligned to National Financial Literacy Standards from the Jump$tart
Coalition for Personal Financial Literacy.
Financial Responsibility and Decision Making
Standard 1: Take responsibility for personal financial decisions.
KEY TOPICS
Social entrepreneurship
Philanthropy
Volunteering
LEARNING
OBJECTIVES
1. Understand the difference
between social entrepreneurs
and philanthropists.
2. Identify the purpose of
charitable giving.
3. Recognize the importance
of volunteer work.
4. Learn financial terms.
EPISODE SYNOPSIS
Income and Careers
Standard 1: Explore career options.
Planning and Money Management
Standard 5: Consider charitable giving.
Aligned to Voluntary National Content Standards in Economics from the
Council for Economic Education.
Standard 2: Decision Making
Standard 14: Entrepreneurship
Aligned to Common Core State Standards Initiative’s standards for
Literacy in History/Social Studies, Science and Technical Subjects.
Standard 1: Read closely to determine what the text says explicitly and
to make logical inferences from it; cite specific textual evidence when writing or speaking to support conclusions drawn from the text.
Standard 4: Interpret words and phrases as they are used in a text,
including determining technical, connotative, and figurative meanings, and
analyze how specific word choices shape meaning or tone.
Join the Biz Kid$ and you’ll
Standard 7: Integrate and evaluate content presented in diverse formats
meet social visionaries who
and
media, including visually and quantitatively, as well as in words.
use the same tools as for-profit
companies to create thriving non-profit organizations
and powerful movements for
social change.
CONTENTS
National Standards
Correlations
Lesson Prep & Screening
Family Activity Sheet
Biz Term$ Worksheet
Curriculum Connections
Activity Worksheets
Biz Term$ Definitions
Acknowledgements
Social Entrepreneurs • Episode #126
LESSON PREP & SCREENING
Getting Started
About the Episode
Familiarize yourself with the
episode ahead of time. It will
serve as a springboard for student
learning, discussions, vocabulary
exploration, and hands-on activities. Determine what equipment
is required to show the episode in
your classroom and request it if
needed. Choose an activity (each
one takes between 45-60 minutes),
and gather supplies. Students will
need a pen or pencil and copies of
the activity worksheets. Have fun!
Join the Biz Kid$ and you’ll meet social visionaries who use the same
tools as for-profit companies to create thriving non-profit organizations
and powerful movements for social change.
Screening
www.bizkids.com
Introduce the series and the episode. Explain that Biz Kid$ is a
public television series that teaches
kids about money and business.
Mention that the bizkids.com website has lots of video clips, games,
a blog, and other resources to help
kids start businesses and learn
about money. Prior to playing the
episode, lead your students in a
discussion with the preview questions on this page.
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Episode Preview Questions
Before you show this Biz Kid$ episode, lead your students in a brief
discussion of the following questions:
What are some reasons that people start businesses?
How would you define social change?
Have you done any volunteer work or fund raising?
Next Steps
Show this episode. After the episode, read the Summary and Conclusion
to the class.
Summary and Conclusion
Social entrepreneurs start businesses because they want to raise money
to help others. They see a need in society or the community and create a
business to help solve the problem. You can do it too, Biz Kid$.
Family Connection
Distribute a copy of the Family Activity Sheet to each student to
share what they’ve learned with their families.
Social Entrepreneurs • Episode #126
FAMILY ACTIVITY SHEET
Episode Synopsis
Activity Suggestions
Join the Biz Kid$ and you’ll meet
social visionaries who use the
same tools as for-profit companies
to create thriving non-profit organizations and powerful movements
for social change.
Does your family do volunteer work or give money to charitable causes?
That is called philanthropy. Ask your child to tell you the difference
between philanthropy and social entrepreneurs. Then, with your child,
identify one person or organization in your own community that does
what social entrepreneurs do. Ask them how they got started, and what
advice they have for young social entrepreneurs.
www.bizkids.com
With your child, sit down and make a list of three problems in your
community that could benefit from volunteer work or financial support.
Have your child select one of these problems, and brainstorm with you
to think like a social entrepreneur. What are some business tools that
you could use to help with this social problem? Challenge your child to
select their favorite idea and follow through to see how they can make a
difference.
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Social Entrepreneurs • Episode #126
Activity #1:
BIZ TERM$
WORKSHEET FOR STUDENTS
Biz Term$
Business principles
Causes
Impact
Micro-loan
Philanthropy
Social change
Social entrepreneur
Success
Third world countries
Volunteer
Directions
With students, read aloud the Biz Term$ and each question. Call on
volunteers for answers, and have them explain why they chose the term
they believe to be correct.
Biz Term$ Episode Review
1. People who __________ their time at soup kitchens are involved in
__________.
2. Some Biz Kid$ raise money to build libraries and schools in
__________.
3. A person who starts a business for the purpose of helping others and
creating __________ is a __________.
4. A __________ is a small amount of money given to an entrepreneur
to start or expand their business.
5. Money is not the only way to measure __________ , sometimes it is
the __________ you have on your community that matters.
www.bizkids.com
6. __________ can be used to solve social problems.
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Social Entrepreneurs • Episode #126
CURRICULUM CONNECTIONS
Language Arts
Have students construct sentences, write a paragraph, or create a
story, skit, or dialog using Biz Term$.
Optional
Vocabulary
Extensions
Have students create a class Dictionary of Financial Terms using Biz
Term$.
Make Art!
Have students start their own Journal of Personal Financial Education
and continue to add to it.
History/Social Studies
Using the internet or a local library, research crowd-source options
for social change like DonorsChoose or Kiva, which are non-profit.
Be aware of similar for-profit organizations like Kickstarter. What
are some ways to tell the difference between the two types of organizations?
Mathematics
In this episode, for one girl in a third world country to go to school
for one year, it would cost $40. If you and your classmates held fund
raisers and gathered $6,000, how many children would be able to go
to school for one year?
www.bizkids.com
Economics
In the United States, a non-profit company does not pay as much in
taxes as a for-profit company. The rule that allows this is section
501(c)(3) of the Internal Revenue Code. Using the internet or your
local library, find out what rules a company has to follow in order to
be considered non-profit. Non-profit does not mean that they don’t
make money, it means they have to be careful how they use it.
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Ask students to create
personal illustrated
glossaries using sketches
or cartoons to visually
represent the meaning
of each Biz Term.
Make It Personal!
Provide students with
dictionaries and ask
students to re-write
formal definitions for
each Biz Term in their
own words to demonstrate
comprehension.
Social Entrepreneurs • Episode #126
Activity #2:
BE A SOCIAL ENTREPRENEUR
WORKSHEET FOR STUDENTS
Directions
In this episode, we saw Biz Kid$ who donated their time and effort to help a worthy cause. Now it’s your
turn. Use this worksheet to help you get started.
1. What is a problem in your school or community that you care about that could be helped by volunteers
or fund raising?
_____________________________________________________________________________________
_____________________________________________________________________________________
2. How many volunteers would you need, or how much money would you need, to make a good impact on
the problem? Explain how you calculated your answer.
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
3. What is a business that you can create to raise awareness, money, and volunteers to help support this
cause? What product or service will it provide? What will you name your business?
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
www.bizkids.com
4. How will volunteer time be used to support this cause? How will the money that you make be used to
support this cause?
_____________________________________________________________________________________
_____________________________________________________________________________________
_____________________________________________________________________________________
Have students discuss these ideas and share their answers with the class.
EXTRA CREDIT: Have the class vote for their favorite idea, and then take action as a classroom to support your cause for one month. Track the hours volunteered and the money raised, and ask students how
they would measure their impact and their success in the community.
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Social Entrepreneurs • Episode #126
Activity #3:
BE THE BANKER
WORKSHEET FOR STUDENTS
Directions
In this episode, we met Dr. Muhammad Yunus, an economics professor who won the Nobel Peace Prize for
micro-loans. Dr. Yunus was able to work with a bank called Grameen Bank to lend small amounts of money
to entrepreneurs in very poor countries, and by doing this he helped them to start or grow their businesses. As
a result, when businesses do well, people are able to improve their lives.
Today, you are the banker. Take a look at the following situations and make your decisions.
1. A woman in a poor country would like to borrow $75 for seeds to plant on her farm and money to pay
workers to harvest the crop. If the crop is good, she will be able to pay back the loan. If the crop is bad, she
will not be able to pay back the loan. Would you lend her this amount of money? Why or why not?
_____________________________________________________________________________________
_____________________________________________________________________________________
2. A man would like to purchase a new sewing machine, to expand his tailor business. The machine will cost
$200, but will make it possible for him to increase his clothes for sale by 25%. If this is successful to increase
his sales, he will be able to pay back the loan in one year. If it is not successful to increase his sales, he will be
able to pay back the loan in 4 years. Would you lend him this amount of money? Why or why not?
_____________________________________________________________________________________
_____________________________________________________________________________________
www.bizkids.com
3. A couple would like to borrow $250 to buy new tires for their taxi. If they get the tires, they will be able to
pay back the loan in one year. If they do not get the tires, they will not be able to continue their taxi business
because their tires are too worn out to use much longer. Would you lend them this amount of money? Why or
why not?
_____________________________________________________________________________________
_____________________________________________________________________________________
Have students discuss these ideas and share their answers with the class.
EXTRA CREDIT: Using the internet, visit a website like Kiva.org and look at some actual requests for money
from entrepreneurs. Discuss them with your class, and be sure to talk about the risks of lending money as well
as the social and financial rewards.
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Social Entrepreneurs • Episode #126
BIZ TERMS
DEFINITIONS
Business principles: Rules of business such as the Law of Supply and Demand, which can be applied to all
businesses.
Causes: Something that you feel a deep commitment to support, such as human rights.
Impact: The effect or power of your actions.
Micro-loan: A small amount of money given to an entrepreneur to start or expand their business.
Philanthropy: Concern for others, usually shown by donations of money, property, or work.
Social change: Helping with or solving a problem in the community.
Social entrepreneur: Someone who sets up a business to help people in their community.
Success: To accomplish a goal.
Third world countries: Countries that are very poor in comparison with other countries.
www.bizkids.com
Volunteer: A person who donates their time.
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fun financial literacy on public tv and at www.bizkids.com
Produced by: Biz Kid$ LLP
Funded by:
Co-Produced by:
Distributed by: